What Happens When California Defaults?

The California Legislative Analyst’s Office recently reported that the State faces a $21 billion shortfall in the current as well as the next fiscal year. That’s a problem, a really big problem. My young son would say it was a ginormous problem. In fact, it may be an insurmountable problem.

by Bill Watkins

Full Story: http://www.newgeography.com/content/001274-what-happens-when-california-defaults